What is the total gross profit of the company if there are three departments (A,B,and C)and the net sales are $200,000,$174,000,and $286,000,respectively,and cost of goods sold is $86,000,$92,000,and $82,000,respectively?

Question

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To find the gross profit, we need to subtract the cost of goods sold from the net sales.

For department A: 
Gross Profit = Net Sales - Cost of Goods Sold 
Gross Profit = $200,000 - $86,000 
Gross Profit = $114,000

For department B: 
Gross Profit = Net Sales - Cost of Goods Sold 
Gross Profit = $174,000 - $92,000 
Gross Profit = $82,000

For department C: 
Gross Profit = Net Sales - Cost of Goods Sold 
Gross Profit = $286,000 - $82,000 
Gross Profit = $204,000

To find the total gross profit, we need to add up the gross profits for each department.

Total Gross Profit = Gross Profit (A) + Gross Profit (B) + Gross Profit (C) 
Total Gross Profit = $114,000 + $82,000 + $204,000 
Total Gross Profit = $400,000

Therefore, the answer is C) $400,000.

What Is the Total Gross Profit of the Company If